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FOX Business
Dec 12, 2012 4:00pm EST
will buy it. >> it is for now. at least somebody is staying transparent. what the fiscal cliff come essentially if you don't know what is going to happen, it is pretty good to have the fed to say we will continue to inject liquidity into the market, we are not as concerned about the market and we will make certain economic growth continues right now. liz: when does it stop, eugene? it just seems like it'll be very hard to exudate ourselves from the pillow read the half-life is really running out, it is like a heroine addict, you're not you t getting the same path. >> i would agree with you, easy money is very attractive, but there is no one logic. some of the confusion, look at the companies accelerating their dividend payment, there's only one thing, corporation balance sheets are strong, they have the cash to support. that could have been used for investment and they still think once we could get some clarity around what the tax scenario is going to be, we get some clarity on what fiscal policy is going to be, corporations will begin to reinvest again. david: as you just said esse
FOX Business
Dec 10, 2012 9:00pm EST
is coming back with a veeance. in 2013 regaress if wdrive off the fiscal cliff or not. it is force the nation's hardest workers believe itr not cough up more dough. the country's wealthiest put uncle sam competence fever. joining us now. the government made all his mistakes, so the really wealthy peoplean pay for it all. spk the whole point ist can fit the bill. we'll add $10 tllion of debt, doesn't obama taught no tax increases. we're talking cover the debt overhat time. it is not enough to prent a debt crisis down the line. tracy: we have seen it timand me again. thougthe ability to wealth if y have access to important pple. ey don't have to pataxes after all. >> people don't work as hard as ithey otherwise would have,on't take risks so don't get the growth have not raised taxes. i think that's what would happen if we went with president obama's plan. they come it wl not grow as fast as it wouldave. sptracy: inevitably our xes wi go up because the wealthy do not pay asuch as the thought. >> there's not enougrevenue at the top to fit the bill. they still need to get bk to where th
FOX Business
Dec 10, 2012 6:00pm EST
kick the can down the road like pele. we are good at this, but the fiscal cliff conversation coming up in june and a year from now if we do extend, we will be having this conversation all over again. when does it get done? >> i'm not talking about kicking the can as it relates to spending, but i am with taxes. they are different and it does relate to the fact we have a tax code so bloated, so distorted, so complex it produces inconsistent revenue stream. 18.5% of gdp is what it produces on average. it remains relatively constant regardless of your topper to 70% by three decades ago or 35% as it is now. what we want and what we need is a tax code with a study, stable stream of somewhere in that neighborhood. something stable and consistent. tracy: before let you go, senator, are we going over the cliff? >> it is too early to tell, can't make that prediction. i've learned not to make such predictions in this town, it only gets you in trouble. tracy: only 21 days, it can't be too early. thank you for taking the time with us. >> thank you. tracy: early? i don't know. a lot more to come inc
FOX Business
Dec 11, 2012 3:00pm EST
're looking toward the fiscal cliff, possibly ben bernanke comes out and says more. it seems everyday we don't have a fiscal cliff deal we actually go higher in the stock market. i think we would go lower heading toward the deadline. the market looks strong, apple looks strong. $50 billion in revenue possible. we do look strong. coleman offers 1700 level. lot of activity in december. and they're expecting a huge move in the next week and a half. liz: no real fear in the market, so pretty significant blows around 15. bond yields are not doing anything exciting. do you look at that and say i am in? or do you say the fear trade is over? >> always at the volatility index and that is one of the gauges a look at it daily basis. basically levels of the s&p 500 futures the highest since obama was elected presidency. we sold awfully hard, we got back and possibly took some stocks off. we're reversing a little bit from the upside, selling off a little bit. the fiscal cliff are the two words that will be mentioned the most. we have costco earnings tomorrow, we'll keep an eye on that one. liz: is anybod
FOX Business
Dec 5, 2012 9:00pm EST
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FOX Business
Dec 5, 2012 6:00pm EST
and the house republicans not letting on their fiscal cliff stands. the fiscal cliff symbolizes time over tragedy. it will soon be a loss for many new york city commuters. but the tablet top your christmas wish list? we have the best of the best on "the willis report" coming up next can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is is trick to t my spot? [ male announcer break from the holiday stress. save on ground shipping at fedex office. heartburn symptoms causedelieve by acid reflux disease.y stress. osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach condions may still exist. talk to your doctor about nexium. i have obligations. cute obligations, but obligatio.ming. i need to rethink th core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for e heart of your portfolio. f
FOX Business
Dec 7, 2012 1:00pm EST
on last minute notice. tracy: right. >> as we come closer and closer to the fiscal cliff now the consumer is saying wait a minute, i'm hearing reports my taxes goo up additional five or 10,000 a year. i may start to temper my spending now. we're finally sighing the consume react. a good part that drove the decline in consumer confidence. ashley: talking about the jobs report, headline numbers great. we added more jobs than we thought. the unemployment rate down to a 10-year low. >> the report doesn't tell the entire story. first reaction. this is great report. double the consensus forecast. remember we only beat expectations because they were so tempered because we anticipated a negative effect from sandy. going through the different sectors aside from construction this appears this is clean report, really telling us what the underlying organ trend in the labor market is which says we're continuing to lose momentum from the initial very impressive job report at the beginning of third quarter. tracy: you say the fed will not be impressed with this kind of growth. what does that mean? >> we
FOX Business
Dec 7, 2012 3:00pm EST
a tremendous amount of supply. we do not have much cold weather coming up near term. once the fiscal cliff starts getting resolved, you will see some buying going on. cheryl: bobby, i want to go back to you about europe. we have not had a lot of problees. seems like the greeks are kind to getting things. >> the last few days, europe markets have been pretty strong. as you said, a sleeping giant. cheryl: i do not want to see anything change. it has been nice. gentlemen, thank you. i appreciate it. great floor show today. uncertainty seems to be the norm in washington these days. last year you have the debt ceiling convey. congress had trouble putting together a deal. now the u.s. may be heading for the fiscal cliff. what does that mean for you and your investments? we have the jobs report today for a brief moment. we weren't worried about the fiscal cliff. now, we are back. what do you make of it? >> the jobs report was okay. there are some signs of very modest improvement in jobs. the good news is we have not really lost momentum and i will put that in the victory column. from a very short
FOX Business
Dec 12, 2012 6:00pm EST
.s. falls off the fiscal cliff, speaker john bain ser slamming the brakes on any hopes a deal is coming soon, making it clear both sides have differences. second in command, eric cantor warning members not to make any plan for holidays, and kevin brady of texas, vice chairman of joint economic committee, thank you, are we still that far apart? >> you know we are. i started optimistic to get this done before the holidays, but, i don't feel that way, it seems to me the decision has been made, perhaps by white house to take us off this fiscal cliff. i think this is irresponsible to do it we're ready to work out a reasonable sound solution but i do not see that coming from the other side right now. tracy: is it because there is so much going on behind scenes. they think there is a lot of secret wheeling and dealing with john boehner and the president do you agree? >> i do not, i think he -- they have been sporadic talks, i know speaker boehner has been frustrated with how slow the responses have been. again, you know, not just tax rates it is authentic spending cuts, if we don't find a way to fa
FOX Business
Dec 12, 2012 7:00pm EST
words confirming that tax hike, coming irrespective of the fiscal cliff outcome. >> taxes are going to go up one way or the other, the key is to make taxes go up and high-end individuals, i am confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. lou: obamacare, guarantees taxes are going up. 5 new obam obamacare-based taxeo kick in next year. a 3.8% surtax on unearned income, and call chains and dividend 18.8%, and a new tax on hospital care, and medical device manufacturersing' taxed 2.3% of the price of their products. americans get a tax deduction if their medical expenses exceed 7.5% of their total income that number rising to 10% for everyone under the age of 65. and government, for first time ever sending a limit on tax free flexible spending accounts, joint committee tax, estimates those 5 new provisions amount to $2 60 billion tax hike over next 7 years, president obama, avoid anything real negotiating on fiscal cliff issue, president doubles the amount of tax hikes he campaigned on when he unveiled his
FOX Business
Dec 10, 2012 1:00pm EST
that goes. you don't get it. all right, stocks closely watching the fiscal cliff talks. coming up, chief investment officer will tell us what will happen if there is a deal where if there is no deal. ashley: michael bloomberg crack a joke the only people buying egos. he could soon become one of those. as it everyday at this time, take a look at how oil is trading moving slightly lower even though the suggestion demand from china is off, oil down slightly by $0.10, 85.83 per barrel. tracy: it is time to make some money with charles payne. this hour he is looking at online networking site linked in. getting a little bounce, but has been on a tear. charles: this is a incredible stock. you put six flights out of business. i'm telling you right now. today part of the reason it is up, kind of odd, some sort of stock speculation mayor bloomberg may be interested in doing something, taking it over. even without that, this is a stock i like a lot. at least the third time this year my subscribers are in a stock. the latter earning report my two cents coby district by 100%, the stock finally looked
FOX Business
Dec 7, 2012 4:00pm EST
the fiscal cliff. dave: an exciting our coming up. we will tell you what drove the markets today with today's data download. of next week on wall street following better than expected november jobs report. the dow and s&p ending prior to eke out weekly gains, the nasdaq closed in the red ending down 1% a lot of that because of what happened to apple. financial and industrial for this week's top performing sectors while materials and technology lad a bit. the u.s. economy added 146,000 jobs in november as the unemployment rate dropped to four year low of 7.7%. today's report may not be as strong as it seemed, reporting employers added 49,000 fewer jobs in september and october than initially estimated. a preliminary reading showing consumer confidence plunging to its lowest level in four months. early december americans prepare for a potentially higher taxes at the beginning of next year. the index dropping 74.5 this month, far below november's reading of 82.7 and economists forecasts of 82.4. >> in the pits of the cme, michael tells us why dividend paying stocks are taught play regardless o
FOX Business
Dec 9, 2012 4:00am EST
. >> this is in the progress report because there is no progress to report. when it comes the fiscal cliff that is turning our economy and jobs, the white hhuse is wasted another week. gerri: what do you say? we wasted another week. we seem to be getting nowhere, and now folks are saying the president is trying to entice us of the fiscal cliff. >> look, i think they're actually some pretty strong incentives for the president to take the country over the fiscal cliff. if you look at what the president's stance to gai if the country goes over the fiscal cliff, there are very clear and identifiable things. on the one hand he president could identify himself as a tax cutter. he could say -- on january 1st the president in terms of the country and say, now in favor of cutting these taxes that have been raised because we did not solve this before ththe fiscal cliff. he can turn and say to my want to restore some of this funding that my secretary of defense and joint chiefs of staff told me i need to restore and can position himself as st of the protector of u.s. national security. so tre are some clear incentives t
FOX Business
Dec 12, 2012 1:00pm EST
going over the fiscal cliff and something technical comes out in the unemployment rate drops for some reason. ashley: let's hear from the man himself, mr. bernanke. >> good afternoon. it has been about three and a half years since the economic recovery began. the economy continues to expand at a moderate pace. unfortunately however unemployment remains high. about 5 million people, more than 40% of the unemployed have been without a job for six months or more. millions more who say they would like full-time work an have only found part-time employment or stop looking entirely. the conditions in the job market now show waste of human and economic potential. return to broad-based prosperity will require sustained improvement in the job market which in turn requires stronger economic growth. meanwhile apart from some temporary fluctuations largely reflected swings in energy prices, it is likely to run at or below the federal market committee's 2% objective in coming quarters over the longer term. against a macroeconomic backdrop includes high unemployment and subdued inflation, the fomc
FOX Business
Dec 5, 2012 5:00pm EST
about the fiscal cliff when nothing we're doing is coming close to deal with these issues. melissa: we talk about how hard it is to simplify the tax code. our guest before you guys said the same thing. it could be really simple. we could put out three rates for people with absolutely no deductions exceptions. if you're in this group you pay 35% or whatever. make up your number. >> right. melissa: if you're in this group pay 30, and this group pay 25. no exceptions, no deductions that would be one page tax code. what is wrong with that, michael. >> because we live in a complex country with complex country. you don't want people, somebody with $50,000 of emergency medical expenses exactly the same as somebody who doesn't have those things? you want to tree somebody, the fact of the matter is you want to balance between simplicity and targeting. you want to balance between fairness and revenue. you need to make these --. melissa: who dids decides what is fair? get out there and we pick winners and losers we say who's problem is worth taxpayer dollars and who's problem is not the governmen
FOX Business
Dec 6, 2012 1:00pm EST
and in the fiscal cliff when it comes to that. ashley: certainly will. milton ms. rought at this, thanks for being with us for your perspective on the market when we see what happens in washington. thanks so much. >> thank you. tracy: he is oozing confidence in washington, isn't he? ashley: yes. dripping with sarcasm i think is more --. tracy: sham else about. i love that word. it's a shambles. there is so much more ahead this hour including a biotech ceo what is hurting innovation in the sector. you guessed it, obamacare. a corda's ron cohen is here. ashley: apple making lots of news with its stock swings. reports it is shifting production away from china back to the u.s. as we do this time every day, look how oil is trading. down nearly 2%. bun a buck 73 at 86.15 a barrel. we'd be right back there is no mass-produced human. every human being is unique. and there is one store tha. the sleep nuer store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable
FOX Business
Dec 4, 2012 9:00pm EST
to know wh it comes to the fiscal cliff. is youu 401(k) in daer? stay with gerri: as lawmakers look for ways to raise reven in the fiscalliff talk will they endup iding your retirement gerri: well the fiscal cliff negogotiations grinding on and on there seemto be grong buzz the govnment will soon raid, get this, retirementaccounts in order to raise revenue. it is actually happe before in other countries but could it happen here? nathoenig is a fox news contributor and founder of the hedge fund, catalist pig. jonathan, welcome back to the show. >> thanks, gerr gerri: what would you put the possibility of congress coming after our 401(k)s a it is a big pot of money? >> it is an immense pile of money, gerri. we know they're going after our invests, right? raising taxes on dividends dapital gains. given the president's collecvism i feel so sort of direct confiscation of people's 401(k)s is not impossible t begin with. it is a temendous amoun of weth. at the very lett might eliminate tax defermen people enjoyed. further down thespectrum could be o rit wealth tax. it happened many times i
FOX Business
Dec 11, 2012 4:00pm EST
thing. thank you very much. liz: washington, still, as you know, not coming to a solution on the fiscal cliff with the clock ticking louder than ever. coming up, we are joined exclusively by the former treasury secretary paul o'kneel and how he would solve the crisis. david: big labor taking a big hit, right it work bills sent to the governor's desk who is joining us live after the break. ♪ ins. i didn't see them coming. i have obligations. cute obligatis, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for che
FOX Business
Dec 5, 2012 7:00pm EST
convinced they are not going to come to an agreement on the fiscal cliff unless compelled to do so by an adverse external event like a sharply lower equity market. lou: and is, you know, i can't imagine a market ever going down as john is suggesting here simply because a government chooses not to function. >> well, if it means we're headed into recession, the markets will react. in a typical bear market, stocks sell off by 20%. it's great to have a compromise before the year end, but time is running out. it's not possible. lou: how is it that a treasury secretary responsible for the integrity of the markets, the currency, responsible, indeed, for the financial system of this country, largely, broadly, and internationally, would sink to the level of a political operative making statements about we're going over the fiscal cliff and we're ready to go. >> the president put him in charge of the negotiations from his point of view. lou: clever. >> he's wearing two hats at this point in time. consider here, yes, there's a big complicated negotiation that needs to take place, but there's
FOX Business
Dec 5, 2012 12:00am EST
this country. oking at the real nbers the fiscal cliff. werojeed it out over 10 years if we sow you the big fufull screene made and numbers look pretty scary from tax perspective ther if we went er the fiscal clit would increase taxes 5.6 trillion. that is 10-year period. fairly say no one believes we would staon the road for 10 years. i want to do it so you do side by side comparison. spending cuts 1.2 trillion. the president wants to raise taxes 1.6 trillion. cut spending by 600. the house plan looks like sort of a flip-flop of that. what do you think of all these numbers. what do u make of it? what is your first impression? >> i think the point that you made is almost in passing is very ey point. thesese areprections. the 10-year projections. when was last time in washington 10-year spending projections actually came in at or low what the projections wewere met to be it never happens. sames true o the revenue side wit taxes. i think the numbers we're lang out here are probly the quote, uuote best-case scenario terms of what could actually hapn. just in terms of the pure math. not in te
FOX Business
Dec 10, 2012 7:00pm EST
whether washington can work out a deal to avoid the fiscal cliff. stocks rising, well, modestly is a big, strong word for what happened. technology stocks helping the dow up 15 points. the s&p up a fraction, the nasdaq rose nine. trading light. technology stocks strong in the market, and i'm speaking, obviously, comparatively. hewlett-packard setting the tone, leading the sector, not commenting on speculation that carl icahn has been amazing a position in the stock -- amassing a position in the stock. cisco systems -- mcdonald's, also a dow stock rising on news that sales rose 2.5% last month. that stock up just about 1% today. piper jaffray calling apple a $900 stock based on fundamentals. it may be, but it's got a ways to go after today, apple losing $3.43 on the day, $8 above its low of the session and trading slightly higher in after hours. crude oil prices down on the day for a fifth straight session closing at 85.56, the decline in crude also showing up at the pump. the average price of a gallon of gasoline dropping 11 cents, and we're looking at an average price of $3.34 a gallon.
FOX Business
Dec 6, 2012 3:00pm EST
risk not only coming out of europe, but also with the fiscal cliff negotiations. the bottom line is it's going to be very difficult to maneuver in tight spaces, so widen it out. for us that means in the s&p we want to pie 1340 to 1320, and as the market gets up to the 1430 area and above, we want to reduce our equity exposure. in the dow call it 12,5 to 13,5. in the nasdaq 100, 2400 to 2800. liz: okay, hold on. let me just hold on the s&p because that's what we have here. 1320 to 1340 buy in when it hits there, and can then, of course, sell. >> right. liz: so this requires real involvement on behalf of the investor, doesn't it? >> well, i -- the point is, liz, we, as i said, you've got a lot of headline risk, a lot of back and forth with the news stories. the point is to be disciplined. map those levels out, and then don't get caught in between. so i think if 1340 to 1320's a great place to add to your equity exposure, and then as we get up to the 1430 area and above, you want to reduce your equity exposure, and don't get caught in between. liz: sorry, i interrupted you because i wante
FOX Business
Dec 11, 2012 6:00pm EST
. tracy: hard to tell, though, because everything's overshadowed by the fiscal cliff. do you worry, like, inflation is going to come and bite us in the butt one of these days? i mean, there's a lot of money out there. >> well, i watch that very, very carefully, and i don't think that's an immediate risk. in regard to the fiscal cliff, i think the right thing to do is to let the tax rates go up across the board, just like they agreed to do. i think we ought to have middle income americans as well as high income americans having a reduction of those tax rate cuts we saw. tracy: take more from my paycheck, let the fed put money into the system. does it make sense at the end of the day? shouldn't i keep my money, get out there and spend it and let the fed keep theirs? >> well, that's, you got a good point, and i agree that instability and monetary policy is not very effective, and so i'm not looking for very much from the fed tomorrow. tracy: no, yao not alone, sir. wayne, former fed reserve governor, thanks for taking the time. >> you're welcome. tracy: all right. well, if you are fired up
FOX Business
Dec 11, 2012 1:00pm EST
as the fiscal cliff. were talking about using something is coming, you think that is good news. >> there is always the inside game and the outside game. they will talk to their base and their constituents. they have to get something by the 18th which is next tuesday so they can vote an on it. the matter what it is, something will be coming out of there. nicole: something will be better than nothing out of washington. that is the latest. he sounds pretty happy at least at the moment. today he is positive. tracy: here is a glass half full. we will take it. ashley: thanks, guys. looking at the old tea leaves of what is going to happen with speaker boehner taking the house floor with 20 days until we fall off the fiscal cliff he says it is time for president obama to get serious. really? rich edson in d.c. for all of this. >> actually somebody has to be positive, right? in d.c. we are not getting it right now. sources are looking at these meetings and saying there is essentially no move in it the last couple of weeks or so. house speaker john boehner confirms that on the house floo
FOX Business
Dec 5, 2012 10:00pm EST
to extend just to middle class tax cuts to avoid the cliff for now and come back next year with more leverage to tie spending cuts and medicare reform to another hike in the nati's debt ceing. >> we're not going to play that game next year. if congress, in any way suggests they tie negotiations to debt ceiling votes, and take us to the ink of default again as part of a budget negotiation, i will not play that game. >> republicans held their meeting with small business owners and denied they are trying to punt until next year. >> i'll be here. i'll be available at any moment to sit down with the president to get serious about solving the problem. >> they noted the president has not scheduled any meetings with g.o.p. leaders in weeks and not offered a counterproposal to boehner's plan from last week. >> frankly, it was the balanced apoach the president's be asking for. we need a response from the white house. >> reporter: the president continues to envies the only impediment to t deal is boehner's $800 million in tax revenue is not enough. >> the hold upright now is that speaker boehne
FOX Business
Dec 6, 2012 6:00pm EST
as the so-called fiscal cliff looms. asking barbara if you should run for the hills too. investors deciding not to take a bite out of apple after the market cap takes a nose dive. will the tech giant be able to regain its shine? we'll find out later. we're on the case, next, on "the willis report." you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barer thahat helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gavisn®. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. gerri: unemployment past 8% in a new gallup survey. what's that mean for the jobless figures out tomorrow? that's next. gerri: november's job repoot released early tomorrow morning, and now that the election is over, what will the numbers show? the u
FOX Business
Dec 10, 2012 10:00pm EST
a locomotive, if you will. and almost no one is paying attention to ias we focus on the fiscal cliff and what will be an agreement, ifs reached, at'll amou to something in the neighborhood of a couple trillion dollars >> and the forced union states are lookg for tte feral vernment to bail them out. but more important than that, the dems, the decrats don't want to lose the forced union states -- lou: well, i'm not talking about the fored union states now, i'm talking about every state in the union. and theact is that we're talking about unfunded ppnsion liabilities of $4 trillion, mallory. and -- >> but much worse in t forced unions. lou: excuse me, if i may finish. >> i'm sorry. lou: $4 trilliothat no one is paying attention to, how will it be resolved? >> it's tough to resolve, but it's much worse. e point i was trying to make is it' much worse the forced uniin states, much worse. it's almost double. that's one of the issues. we're going to have a big problem resolving that. it's going to be a major proem with services that are absolutely necessary not being able to ke up because of all th
FOX Business
Dec 5, 2012 11:00am EST
: maybe something good can come out of the fiscal cliff. online gambling gaming in the negotiations. cheryl: man-made seven figures, we will tell you how much it brought in. i love it. it is fun. dennis: i would much rather watch them dance. it's a new day. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact whe axiron is applied as unexpected signs of puberty in children or changes in body hair or creased acnen women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful
FOX Business
Dec 5, 2012 4:00pm EST
, that is why we are not getting some of the movement which is movement on the fiscal cliff front or the economic directly saying the upside is warranted. david: they were thinking of apple as utility, something where people were betting on one of the reasons it has come down a lot because a lot of the margin bets made on apple are now disallowed because it is no longer a sure thing. it's what is happening to apple significant for all? >> what i would say is apple is the stock to watch tomorrow.3 there could be some considerations were they move their experiments but the long and short of it is tomorrow apple has closed on its lows. this could be an opportunity, this washed out all of those you just discussed that were leveraged, washing those out and could see tomorrow institutions come in because they would have to be helped. david: nothing is a sure thing. we learned that housing and now with apple. liz: he says watch for a bounce tomorrow, we will see if he is right. david: let's bring in the market panel. he is active etf comanager and the capital market research director. go
FOX Business
Dec 4, 2012 8:00pm EST
if negotiation go his way or if we go over the fiscal cliff, either way, america loses. not so fast, i think we have choices. that is it for us, thank you, we'll see you tomorrow night, good night from new york. neil: think fat cats are still angry at the president? fat chance, what if i told you a lot of sucking up to the talk about off the wall or should i say off the wall street, welcome neil cavuto here, and charlie gasparino had it right, there is no squirmier, bunch than those on wall street. they were throwing any money they had to make sure that barack obama would be a one termer, but now all but core coreon core -- cronning him all some with between emperor and king. a growing number of financial types figuring now that the president is in, best both sides sort things out by caving in. on everything from higher taxes for the rich, that is fine. higher investment related taxes on everyone, have at it. more stimulus, why not. why this folding like a cheap suit now? maybe because the financial suits figure to go along so just get along. i think that elections have consequences, i did not
FOX Business
Dec 10, 2012 4:00pm EST
and that might affect the company negatively. wall street counting down the hours the fiscal cliff deadline, we have somebody who says this isn't the real fiscal cliff at december 31 isn't the real deadline to watch. we will tell you what it isn't how you might want to play it. david: how do i go flyfishing with paul volcker? or maybe lunch with business titans. how you can do those experiences with some of the top minds. liz: what drove the market with the "data download." david: if it is in ontana, i would take it. liz: stocks pushed into the green with all the major indices pushing into the green. longest winning streak in nearly two months. potatoes and industrials were the top perffrming sectors while they could not quite get it. oil for the fifth day in a row slip into a three-week low on concern over the italian prime minister resignation soon and the impact on europe's debt crisis. crude and in the day down $0.37 $85.56 per barrel. gasoline has come down $0.10 over the past few weeks. korn falling to a three-week low so far i'm growing demand overseas for supplies from the u.s. soybean
FOX Business
Dec 5, 2012 3:00pm EST
you. the meltdown that was sure to begin. my next guest says the fiscal cliff is simply y2k fear. joining me now is a chief investment officer. we have had other people talk about it similar to y2k. why do you feel that it is not something to worry about right now, from an investor standpoint. >> first, i think the deal is already settled in was settled a while back. everyone who has negotiated knows that is what goes on. from an investor point of view, i think you will find that the tax rates don't go crazy like everyone thinks. the dividend taxes, for example, you will have 23.5%. all of these captains of industries, what happens when it turned and looked around and say it really was not such a big thing. what will they do? will they go away from dividends and not have anything that has interest. liz: even with a potentially higher tax rate, you are still getting more than 1.6% or 1.7%. >> exactly. look at how many times in history we have had higher dividend taxes. the rate will hit around 20%. it could go as high as 36 or 39%. with that said, 200 companies, roughly, are accel
FOX Business
Dec 12, 2012 3:00pm EST
, that is probably not going to happen. we're lucky if we get some sort of a deal to get us beyond the fiscal cliff and budget cuts kick in. even take that out of it, they are just increasingly pessimistic about the future. tracy: you have dodd-frank coming, regulations for which you have to appear. >> morgan stanley is not cutting medicare, that is what happens with the fiscal cliff. liz: i think they took our comments from when citigroup led off people and said don't do that in december, we have to do it, and do it in november. >> he is a good guy. totally opposite, very rational, nice, smart guy. he does have a firm to run. and he has economic realities, giving you the economic realities of morgan stanley. i hear there could be cuts there as well. i don't think morgan stanley will go a deep as citigroup. i think they will do a little bit. we should also point out one other thing, covering 20 years overreacting for 20 years, they cut back and things got better and go crazy hiring so remember the pendulum of false both ways. liz: thank you. i am taking orders for chocolate. the holidays are coming
FOX Business
Dec 11, 2012 11:00pm EST
will not becomnotbecome -- come comment e economy. i do not want us to go off the fiscal cliff, congress created in a bipartisan way this is the result of the last fiscal cliff. neil: both sides agreed. >> i voted against it, it was a bad idea, why create artificial crises to force action. neil: they did. >> now the country -- now they want to do it again, now let's hurt growth in economy, and cut a deal that hur growth,o from a year from now we'll have a worse fiscal cliff. we have a 16 trillion-dollar debt. these tax increases do nothing to self, you have 200,000 less jobs next year for, that those who vote for that will be held responsible for that decision. neil: is it terrible public policy if you leave off the table. what accounts the majority of spending off the table. if you leave out medicare, and medicaid, and don't even pry to brid up -- try to bring up social security, 8 democratic members and congressmen marked that, d't touch these entitlements, one of next. s. i was always interrupting my teammates. earlier in my career, my coach approached me. he said, "i think that, you know, so
FOX Business
Dec 12, 2012 11:00am EST
hill. they say we are over the fiscal cliff, unless tax rates go up. the sign will come from the fed. we will know in the next 90 minutes. former atlanta fed joins us now. how is the decision connected, do you think, to the fiscal cliff? >> it has to do with balancing risks. they do not want to risk the recovery that we have underway already, even though it is slow. i expect two things. first, they will not change policy. they will continue quantitative easing. they will probably stop operation twist. simply because they do not have anyone short-term securities of any significance to sell. they will continue the asset buying programs as a hedge against going over the cliff. connell: all these names that we have become familiar with, you mentioned operation twist and quantitative easing, one, two, three, the speculation about four. basically, easy on it. policy. you are telling us, and a lot of people expect, they are worried about what the fiscal people are doing or not doing. >> they do not have to with interest rates so low. >> well, that is the trade-off. a lot of people think tha
FOX Business
Dec 6, 2012 5:00pm EST
or may not go over the fiscal cliff but regardless the economy has stalled and taxes are going up. i mean there is certainty. it is just not great certainty. >> you know, as a family-owned business after 91 years being in business we know that there's a business cycle. what we need to continue to advocate for as job creators is the virtue of free enterprise. we need to stand up for the principles that are going to allow us to provide our people employment, to create prosperity. we have to do that in a unified way because, even though the forecast can look bleak at different times, we have an incredibly resilient economy. great job create, out there given the chance which make a big difference. that is what we have to continue working on. melissa: jim, aren't you afraid of being punished either by the public or by the government for speaking out at this point? i mean i have talked privately to people on wall street who have said, you know, they feel like get pistol-whipped when they say anything against the administration. that it comes back to bite them. at this point it is better to keep
FOX Business
Dec 7, 2012 11:00am EST
to some sort of agreement on the fiscal cliff. we can't increase spending. we are trying to rein it in and i am not that worried. there are distributional effects. lot of the lower end retailers, dollars or, drug stores have been big beneficiaries on extended unemployment benefits and their business will likely slow. cheryl: let me ask you something. you brought up the issue of the amount of retail dobbs but those are low-wage jobs. i assume the market does not want to see that. nice to see jobs added but not the right type of jobs. >> that is right. 50% of the jobs that were part of today's report of the low-income variety jobs. hospitality, leisure, retail, temporary jobs. we don't want to see that on wall street. we want to see the high-wage jobs because those are the jobs that will sustain a growing economy. they will be able to buy big-ticket items such as cars, a house, durable-goods. that is what you need to really grow this economy and right now we haven't heard any strategy of washington. all we're hearing about are extra taxes. cheryl: i want you to listen to this and
FOX Business
Dec 10, 2012 3:00pm EST
on the team. peter, to you first. >> not the fiscal cliff. not today. just a day at a meeting speaker john boehner at the white house, president obama extended a little olive branch in avoiding the fiscal cliff. >> i have said i will work with republicans on a plan for economic growth, job creation and reducing our deficits. and had some common western democrats and republicans, i understand people have a lot of different views, i'm willing to compromise a little bit. >> the white house would not disclose any details of the meeting with the president and the speaker yesterday. both sides confirming communications are open. speaker john boehner saying discussions are taking place. liz: maybe the fact they're keeping quiet may mean something is really going to happen. keep dreaming. >> does politics have to watch out what is happening in silicon valley. apple and google compete on so many different rounds. but they're actually coming together to co-compete on a bid for the patents that kodak holds. 1100 patents, half a billion dollars. they realize instead of sitting across from each other p
FOX Business
Dec 6, 2012 4:00pm EST
mulholland in the pits of the cme. we have a street fight. jeff believes there will be a fiscal cliff resolution. david wright, on the other hand, thinks d.c. will avoid the cliff, but it will not stop the bears from coming around this time. let's start with tim at the cme. and, tim, we were talking about what a low yield you get now on treasuries. people are looking for some kind of yield, and the only place you're finding it is in the stock market. >> yeah, that's true. you also get the corporate bond market, the high-yield market. the fed has really through their interest rate repression forced people into risk assets, so the fixed income -- david: let me just stop you there, tim. you say interest rate repression on the part of the fed. that sounds like you're not too happy with the fed. [laughter] >> the fed's basically taken the market disciplinary function out of the marketplace with purchasing $85 billion a month with treasuries. they've been doing that for quite some time, so they basically have been, you know, manipulating the interest rates which i think is also when people
FOX Business
Dec 10, 2012 11:00am EST
to you and wait to see it. connell: to that point, if you are right about that, and the fiscal cliff does give push forward in some form again, if it is not may be priced in, the market may have a little bit of room to rally on it. if you look at the economy, it is actually doing okay. i think those things go away if we get a deal. i don't think that is priced in at all. connell: great to have you on. thank you for joining us today. >> my pleasure. dagen: a stock alert for you. it could be a record-setting day at fedex. this could be the busiest day in the company's history. they have about 300,000 permanent workers worldwide. they add an additional 20,000 workers for the seasonal work. it is up 1%. goldman sachs, speaking of the economy: even in the firm's baseline forecast, you can expect economic slowdown in early 2013. things will be even worse if washington cannot cut a deal. financial conditions will very likely be cliff like, early january. connell: stick around for the story coming out of australia. the police there are warning drivers that a problem with apple maps can actually
FOX Business
Dec 11, 2012 11:00am EST
believe the fiscal cliff will be resolved in some fashion. we believe we have major head winds coming out of europe in the early part of 2013. we have italian elections were not shot going to be pretty and spanish issues to deal with $90 billion or ninety billion euro of maturities in 2013. what we have to focus on as investors is where we can put capital and find a way to get a return that does not require the s&p to be rallying sharply. dennis: you have another worry, apple. if we fall out of love with apple can stocks do well? 18% of the nasdaq index? >> there can be plenty of stocks doing well as apple goes down but i'm a big believer in leading stocks in the market and over the last year you had things like chipotle, green mountain coffee, netflix, apple seems to have what i consider the characteristic of every major top of a great stock and went from 15 to 700. it is overloaned andover's about love and showing serious distribution and if it keeps going down i think it could be indicative of markets. dennis: not just falling out of love because it is a cheap stock, 14 times earnings
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